Submitted by Tyler Durden on 07/26/2012 18:28 -0400
European Central Bank
Fail
In a week which has seen the Fed telegraphing further QEasing by its favorite mouthpiece, and the ECB promising, but never delivering, both that the ESM would get a banking license, which prevented the EURUSD from tumbling below 1.20 yesterday yet which has been totally forgotten today, and that we should "beeleeve" Mario Draghi that unlike before he will not let the EUR fail, the cherry on top and the one event which removes any doubt that the coordinated events of this whole have had the sole purposes of masking that US corporate success has finally plateaued and it is 'only downhill from here', comes courtesy of the CME which moments ago cut the margin requirements on the bulk of its equity indices by 20-25%.
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101 years and c...
101 years and counting's picture
didnt that mark the top last july/aug? seriously.
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Thu, 07/26/2012 - 19:16 | 2655015 FieldingMellish
FieldingMellish's picture
Three times. 10 Aug, 24 Aug and 23 Sep. The more they hike the margin, the less effective it is at its inteded purpose, kind of like QE.
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Thu, 07/26/2012 - 18:59 | 2654935 SHEEPFUKKER
SHEEPFUKKER's picture
Yup Ray Ray, they will hike margins on AU/AG right after global QE is announced and stocks will soar and the metals will tank, and the spin doctors will be out in force saying how the world economy is saved and there is no need to be in the safety of gold and silver anymore. Of course, that trend will last about 20 minutes.
http://www.zerohedge.com/news/cherry-top-cme-lowers-equity-index-margins-over-20?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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